Advyzon Investment Management LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Advyzon Investment Management LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,984 shares of the cable giant's stock, valued at approximately $300,000.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after buying an additional 229,192 shares during the last quarter. Bfsg LLC grew its stake in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after buying an additional 73,590 shares during the last quarter. Robinson Value Management Ltd. grew its stake in shares of Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after buying an additional 59,107 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock valued at $7,161,000 after buying an additional 22,684 shares during the last quarter. Finally, Private Management Group Inc. grew its stake in shares of Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock valued at $32,118,000 after buying an additional 24,827 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Down 0.4 %

Shares of CMCSA stock traded down $0.16 during trading hours on Friday, hitting $36.26. 21,402,835 shares of the company's stock traded hands, compared to its average volume of 26,761,117. The stock's fifty day simple moving average is $36.65 and its two-hundred day simple moving average is $39.60. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock has a market cap of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.79 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 29.88%.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Seaport Res Ptn raised Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Scotiabank cut Comcast from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.